Kentucky Retirement Systems Insurance Trust Fund Has $1.92 Million Stock Position in CrowdStrike Holdings, Inc. (NASDAQ:CRWD)

Kentucky Retirement Systems Insurance Trust Fund cut its holdings in CrowdStrike Holdings, Inc. (NASDAQ:CRWD) by 8.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,836 shares of the company’s stock after selling 604 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in CrowdStrike were worth $1,917,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quent Capital LLC boosted its stake in CrowdStrike by 59.9% during the first quarter. Quent Capital LLC now owns 235 shares of the company’s stock worth $75,000 after acquiring an additional 88 shares in the last quarter. First Foundation Advisors raised its holdings in shares of CrowdStrike by 22.7% during the first quarter. First Foundation Advisors now owns 265 shares of the company’s stock valued at $85,000 after purchasing an additional 49 shares during the period. Ontario Teachers Pension Plan Board bought a new position in shares of CrowdStrike during the 1st quarter worth about $273,000. Allstate Corp acquired a new stake in shares of CrowdStrike in the 1st quarter valued at about $225,000. Finally, Edgestream Partners L.P. bought a new stake in CrowdStrike in the 1st quarter valued at about $839,000. 71.16% of the stock is currently owned by institutional investors.

CrowdStrike Price Performance

CrowdStrike stock opened at $336.75 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.90 and a quick ratio of 1.90. CrowdStrike Holdings, Inc. has a one year low of $198.86 and a one year high of $398.33. The firm has a market capitalization of $82.55 billion, a P/E ratio of 488.04, a PEG ratio of 23.52 and a beta of 1.10. The business has a fifty day moving average price of $297.79 and a 200-day moving average price of $310.25.

CrowdStrike (NASDAQ:CRWD) last posted its earnings results on Wednesday, August 28th. The company reported $1.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.07. CrowdStrike had a return on equity of 8.44% and a net margin of 4.84%. The business had revenue of $963.87 million during the quarter, compared to analyst estimates of $958.27 million. During the same quarter in the previous year, the firm earned $0.06 EPS. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. As a group, equities research analysts forecast that CrowdStrike Holdings, Inc. will post 0.52 EPS for the current year.

Insider Transactions at CrowdStrike

In related news, insider Shawn Henry sold 4,500 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $260.73, for a total transaction of $1,173,285.00. Following the transaction, the insider now directly owns 174,591 shares of the company’s stock, valued at approximately $45,521,111.43. This trade represents a 2.51 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Sameer K. Gandhi sold 5,036 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $320.48, for a total transaction of $1,613,937.28. Following the completion of the sale, the director now owns 816,730 shares of the company’s stock, valued at approximately $261,745,630.40. The trade was a 0.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 108,248 shares of company stock valued at $32,465,110 in the last quarter. Insiders own 4.34% of the company’s stock.

Analyst Ratings Changes

CRWD has been the subject of a number of research reports. Citigroup reduced their price objective on CrowdStrike from $345.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, August 14th. Sanford C. Bernstein decreased their price target on shares of CrowdStrike from $334.00 to $327.00 and set an “outperform” rating for the company in a research note on Thursday, September 5th. BTIG Research downgraded shares of CrowdStrike from a “buy” rating to a “neutral” rating in a report on Monday, July 22nd. KeyCorp lifted their price objective on shares of CrowdStrike from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Monday, September 23rd. Finally, HSBC upgraded shares of CrowdStrike from a “hold” rating to a “buy” rating and upped their target price for the stock from $302.00 to $339.00 in a report on Friday, August 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have given a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $328.74.

CrowdStrike Profile

CrowdStrike Holdings, Inc provides cybersecurity solutions in the United States and internationally. Its unified platform offers cloud-delivered protection of endpoints, cloud workloads, identity, and data. The company offers corporate endpoint and cloud workload security, managed security, security and vulnerability management, IT operations management, identity protection, SIEM and log management, threat intelligence, data protection, security orchestration, automation and response and AI powered workflow automation, and securing generative AI workload services.